FICCI: decontrolling diesel price is extremely progressive move

New Delhi, 18 October, 2014:  Welcoming diesel price decontrol announced by the government, Sidharth Birla, president, FICCI said "This is an extremely progressive move and underlines the commitment of the government to push further the agenda of reforms, growth and fiscal discipline."  

"The decision has come at a time when global crude prices have been receding. In any case, the price of fuel products such as diesel should reflect the true market value and this would also encourage all users to economise on their diesel consumption and hence aligns with the objective of promoting  environmentally sustainable growth,” Mr Birla added further.